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RenRe posts strong rise in underwriting income to $770m in Q3’25 results

Reinsurance News

Global reinsurer RenaissanceRe (RenRe) generated underwriting income of $770.2 million in the third quarter of 2025, an increase of 96% on the prior year quarter, as the firm highlights 21.9% underlying growth in the catastrophe class gross premiu...

Posted: Oct 29, 2025

Brisbane hailstorm declared a Significant Event by ICA as claims mount

Reinsurance News

The Insurance Council of Australia (ICA) has declared the hailstorm that impacted the wider Brisbane region on Sunday, 26th October 2025, a Significant Event, with insurers having received 11,000 claims to date. The storm brought intense rainfall,...

Posted: Oct 29, 2025

Cincinnati reports Q3‘25 revenue and net income growth with improved CoR

Reinsurance News

Cincinnati Financial Corporation has announced its financial results for the third quarter of 2025, reporting $3.72 billion in revenue and a 37% jump in net income to $1.12 billion, a strong performance fuelled by both investment gains and strong...

Posted: Oct 29, 2025

Insurance Authority reports premium gains for Hong Kong, long term business leads sector

Reinsurance News

The Insurance Authority (IA), the insurance regulator of all authorised insurance companies and licensed insurance intermediaries in Hong Kong, has released provisional data for the first half of 2025, indicating total gross premiums of HK$423.4 b...

Posted: Oct 29, 2025

MSIG appoints Eric Schaap as SVP and Global Broker Engagement Manager

Reinsurance News

Mitsui Sumitomo Insurance and MSIG Asia (collectively known as MSIG), an international general insurance group providing a wide range of commercial and personal insurance solutions, have announced the appointment of Eric Schaap as Senior Vice Pres...

Posted: Oct 29, 2025

People Moves: Tassone Jr. Promoted to AM Specialty CEO; Canopius Names Leftwich US Head of Strategy;...

Insurance Journal

Tassone Jr. Promoted to CEO of AM Specialty Dominick Tassone Jr. was promoted to CEO of AM Specialty Insurance Company (ASIC U.S.), effective Jan. 1, 2026. Since joining AM Specialty Insurance Group in 2023 as chief underwriting officer, Dominick has...

Posted: Oct 29, 2025

Ping An P&C insurance revenue climbs 3% in 9M 2025

Reinsurance News

Chinese insurer Ping An achieved solid growth with continued improvement in business quality within its property & casualty (P&C) segment in the first nine months of 2025, reporting insurance revenue of RMB253,444 million, up 3% year on ye...

Posted: Oct 29, 2025

UN Sees World’s Emissions Falling 10% by 2035, Far Short of 60% Goal

Insurance Journal

Global emissions of planet-warming greenhouse gases are expected to fall by about 10% by 2035, compared with 1990 levels, representing the first decline ever forecast by the United Nations. But the world remains well off course to keeping global warm...

Posted: Oct 29, 2025

Progressive Now 4th Largest Global Insurer; RenRe Fastest Growing in ’24

Insurance Journal

As a group, the top 50 global property/casualty insurers grew premiums by 8.3% in 2024, but four of them, individually, grew by more than 20%, including Progressive which vaulted into the top five. S&P Global Market Intelligence published its lis...

Posted: Oct 29, 2025

Generali, Natixis Owner Likely to Drop Asset Management Deal, Sources Say

Insurance Journal

Italy’s biggest insurer Generali and French banking group BPCE are likely to abandon plans to merge their asset management businesses by letting a year-end deadline lapse without a binding agreement, three sources said. The sources, briefed on...

Posted: Oct 29, 2025

Europe’s Top Rights Court Rejects Climate Challenge Against Norway’s Oil

Insurance Journal

The European Court of Human Rights on Tuesday ruled in favor of Norway’s government in a climate lawsuit brought by young activists who claimed the country’s policy of Arctic oil exploration had put their future at risk. Norway is western...

Posted: Oct 29, 2025

Mondelez Defeats Greenwashing Lawsuit Over ‘Climate Neutral’ Clif Bar Claim

Insurance Journal

A federal judge dismissed a proposed class action lawsuit accusing Mondelez International of deceiving consumers into overpaying for Clif bars that were labeled “climate neutral certified.” U.S. District Judge Manish Shah in Chicago found...

Posted: Oct 29, 2025

‘Catastrophic’ Hack Underscores Public Defender Security Gaps

Insurance Journal

Recent cyberattacks on public defenders’ offices in multiple Western US states have spotlighted the technological vulnerabilities of an often overlooked but critical part of the US judicial system. Public defenders, who represent clients unable...

Posted: Oct 29, 2025

Tokyo Metropolitan Government Issues Climate Resilience Bond

Insurance Journal

The Tokyo Metropolitan Government issued a €300 million (¥53 billion) bond Tuesday to boost flood defenses and other climate-related countermeasures. The money will be used to upgrade coastal protection facilities for the Port of Tokyo, develop sedim...

Posted: Oct 29, 2025

Massachusetts Survey Identifies Safety Issues for Assisted Living Residences

Insurance Journal

Massachusetts Governor Maura Healey cited the results of a survey on safety of all 272 assisted living residences (ALRs) in the state in announcing actions to enhance the safety of ALR residents across the state. In July, following the tragic …

Posted: Oct 29, 2025

On-Demand Webinar — Tech-Forward, Budget-Smart: How MGAs Can Innovate Without Overspending

Risk & Insurance

Learn how MGA leaders can strategically prioritize technology adoption—leveraging API-first platforms, automation, and data analytics—without compromising financial discipline. The post

Posted: Oct 28, 2025

Guidewire to acquire ProNavigator

coverager

ProNavigator helps insurance organizations centralize, manage, and deliver information.

Posted: Oct 28, 2025

Aviva Ventures backs Indico Data

coverager

Prior to this investment, Indico disclosed ~$50 million in funding. 

Posted: Oct 28, 2025

ITC Briefing: ResourcePro Blends Insight and Execution for Modernization Success

IIR

ResourcePro pairs industry intelligence with tech-enabled execution to help insurers capture real value from AI and modernization.

Posted: Oct 28, 2025

Auto Insurance Rates Decline but Satisfaction Remains Strained 

IA Magazine

While many insurers have filed for rate decreases in 2025, many customers have yet to feel the effects of those decreases, with 44% of auto insurance claimants reporting a price increase in the past 12 months.

Posted: Oct 28, 2025

Branch Implements Akur8 to Streamline Pricing and Improve Rating Precision

IIR

The Ohio-based insurer is using Akur8’s machine learning platform to accelerate model development and enhance actuarial transparency.

Posted: Oct 28, 2025

Nationwide Commits $1.5 Billion to Accelerate AI and Technology Modernization

IIR

The investment supports AI-powered innovation across claims, pricing, and service while advancing a 24/7 operating model and enterprise-grade security.

Posted: Oct 28, 2025

AI Investments Are Top Priority; Hourglass Workforce Structure Takes Shape: Insurance CEO Survey

Carrier Management

AI Investments Are Top Priority; Hourglass Workforce Structure Takes Shape: Insu...

Posted: Oct 28, 2025

How to Use Content Marketing to Grow Your Insurance Agency

Insurance Journal

Most people don’t buy insurance the first time they land on your website. They research, ask friends and compare coverage before making a decision. That’s exactly when your insurance agency needs to show up with real answers and helpful i...

Posted: Oct 28, 2025

California Commissioner’s Regulation to Prevent Insurance Crises From Climate Disasters, Cyber Threa...

Insurance Journal

California Commissioner Ricardo Lara is proposing a regulation aimed at mitigating rising insurance costs and safeguarding the state’s insurance market from catastrophic risks and technological threats. Lara’s Long-Term Solvency Regulatio...

Posted: Oct 28, 2025

Jamaica Catastrophe Bondholders Headed for ‘Full’ Trigger Event

Insurance Journal

Investors in Jamaica’s catastrophe bond now face a potential full payout scenario, meaning the entire value of the bond will likely go toward covering the cost of Hurricane Melissa.That’s according to Florian Steiger, chief executive of I...

Posted: Oct 28, 2025

Update: Jamaica Catastrophe Bondholders Now Face Full-Trigger Event

Insurance Journal

Investors in Jamaica’s catastrophe bond now face a full trigger event that would force payment of the entire $150 million bond to help the island deal with fallout from Hurricane Melissa. That’s according to Florian Steiger, chief executi...

Posted: Oct 28, 2025

Jamaica Catastrophe Bondholders Now Face Full-Trigger Event

Insurance Journal

Investors in Jamaica’s catastrophe bond now face a full trigger event that would force payment of the entire $150 million bond to help the island deal with fallout from Hurricane Melissa. That’s according to Florian Steiger, chief executi...

Posted: Oct 28, 2025

We remain bullish on property cat reinsurance ahead of Jan renewals, says Arch CEO

Reinsurance News

Nicolas Papadopoulo, Chief Executive Officer (CEO) of Bermuda-based Arch Capital Group, said today that the company remains bullish on the property catastrophe reinsurance business, despite the market being in its second round of rate decreases. A...

Posted: Oct 28, 2025

Jury Finds NCAA Owes $18M to Former Football Player, Wife in Concussion Lawsuit

Carrier Management

Jury Finds NCAA Owes $18M to Former Football Player, Wife in Concussion L...

Posted: Oct 28, 2025

UN Cybercrime Treaty Will Focus on Global Offenses

Carrier Management

UN Cybercrime Treaty Will Focus on Global Offenses A landmark U.N. cybercrime treaty, aimed at ta...

Posted: Oct 28, 2025

Guidewire to help accelerate P&C insurers’ product innovation with new PricingCenter application

Reinsurance News

Property and casualty (P&C) insurance platform Guidewire has unveiled PricingCenter, a new application that aims to revolutionise insurance pricing and rating by increasing efficiency, improving accuracy, and speeding time to market. Purpose-b...

Posted: Oct 28, 2025

Oklahoma Insurance Department’s Fire Classifications Save Homeowners $22M

Insurance Journal

The Oklahoma Insurance Department (OID) announce that its Fire Protection Classification Division saved homeowners approximately $22 million in insurance premiums in 2024. Classification ratings are based upon Verisk’s “Fire Suppression R...

Posted: Oct 28, 2025

Insurers Abandon Non-Renewals as Climate Risk Strategy, Yet AI Integration Lags

Risk & Insurance

ZestyAI survey reveals carriers pivoting to precision risk tools while struggling to operationalize artificial intelligence. The post

Posted: Oct 28, 2025